J W PRODUCTS LIMITED Accounts filed on 31-08-2015
J W PRODUCTS LIMITED Accounts filed on 31-08-2015
J W PRODUCTS LIMITED
Company Registration Number:
04865027 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st September 2014
End date: 31st August 2015
SUBMITTED
J W PRODUCTS LIMITED
Company Information
for the Period Ended
31st August 2015
| Director: |
|
|
| Company secretary: |
|
|
| Registered office: |
|
|
|
|
||
|
|
||
| Kent | ||
|
|
||
| Company Registration Number: |
|
|
J W PRODUCTS LIMITED
Abbreviated Balance sheet
As at 31st August 2015
| Notes | 2015 £ |
2014 £ |
|
|---|---|---|---|
| Fixed assets | |||
| Tangible assets: | 8 |
|
|
| Total fixed assets: |
|
|
|
| Current assets | |||
| Stocks: |
|
|
|
| Debtors: | 10 |
|
|
| Cash at bank and in hand: |
|
|
|
| Total current assets: |
|
|
|
| Creditors | |||
| Creditors: amounts falling due within one year | 11 |
|
|
| Net current assets (liabilities): |
|
|
|
| Total assets less current liabilities: |
|
|
|
| Total net assets (liabilities): |
|
|
The notes form part of these financial statements
J W PRODUCTS LIMITED
Abbreviated Balance sheet
As at 31st August 2015
continued
| Notes | 2015 £ |
2014 £ |
|
|---|---|---|---|
| Capital and reserves | |||
| Called up share capital: | 12 |
|
|
| Profit and Loss account: |
|
|
|
| Total shareholders funds: |
|
|
The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Richard Burrows
Status: Director
The notes form part of these financial statements
J W PRODUCTS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st August 2015
-
1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the provisions applicable to companies subject to the small companies regime. Turnover policy
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts. Tangible fixed assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Office Equipment - 25% on written down value. Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Other accounting policies
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.
J W PRODUCTS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st August 2015
-
8. Tangible assets
Total Cost £ At 01st September 2014: 8,543 Additions: 1,045 At 31st August 2015: 9,588 Depreciation At 01st September 2014: 5,953 Charge for year: 908 At 31st August 2015: 6,861 Net book value At 31st August 2015: 2,727 At 31st August 2014: 2,590
J W PRODUCTS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st August 2015
-
10. Debtors
2015
£2014
£Trade debtors: 65,725 52,648 Prepayments and accrued income: 544 - Total: 66,269 52,648
J W PRODUCTS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st August 2015
-
11. Creditors: amounts falling due within one year
2015
£2014
£Trade creditors: 32,215 28,920 Taxation and social security: 18,600 28,145 Accruals and deferred income: 1,055 1,122 Other creditors: 20,147 19,906 Total: 72,017 78,093